Texas Statutes
§ 27.050 — FINANCIAL RESPONSIBILITY.
Texas § 27.050
JurisdictionTexas
Code WAWater Code
This text of Texas § 27.050 (FINANCIAL RESPONSIBILITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Water Code Code Ann. § 27.050 (2026).
Text
Sec. 27.050. FINANCIAL RESPONSIBILITY.
(a)A person to whom a permit is issued under this subchapter must provide to the railroad commission annually evidence of financial responsibility that is satisfactory to the railroad commission.
(b)In determining whether the person is financially responsible, the railroad commission shall rely on:
(1)the person's most recent quarterly report filed with the United States Securities and Exchange Commission under Section 13 or 15(d), Securities Exchange Act of 1934 (15 U.S.C. Section 78m or 78o(d)); or
(2)if the person is not required to file with the United States Securities and Exchange Commission a report described by Subdivision (1), the person's most recent audited financial statement.
SUBCHAPTER D. ISSUANCE OF PERMITS: TERMS AND CONDITIONS
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Related
§ 78m
15 U.S.C. § 78m
Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 224 (S.B. 1387 ), Sec. 2, eff. September 1, 2009.
Nearby Sections
15
§ 27.001
SHORT TITLE.§ 27.002
DEFINITIONS.§ 27.003
POLICY AND PURPOSE.§ 27.011
PERMIT FROM COMMISSION.§ 27.012
APPLICATION FOR PERMIT.§ 27.014
APPLICATION FEE.§ 27.015
LETTER FROM RAILROAD COMMISSION.§ 27.016
INSPECTION OF WELL LOCATION.§ 27.018
HEARING ON PERMIT APPLICATION.§ 27.019
RULES, ETC.§ 27.020
MINING OF SULFUR.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 27.050, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/27.050.